The
bank is finednot having an effective
system to report suspicious transactions linked to the Rs 6,000 crore scam in
its Delhi-based branch.

The
FIU has levied the maximum penalty of Rs 1 lakh, as stipulated under the
Prevention of Money Laundering Actfor
each instance of "delayed" filing of Suspicious Transaction
Reportsby the state-owned bank in the
case.

6.INDIA PIPS JAPAN TO BECOME SECOND
LARGEST CRUDE STEEL MANUFACTURER

In
a major achievement, India has overtaken Japan to become the world’s second
largest producer of crude steel in February, according to the Steel Users
Federation of India .

CurrentlyChina is the largest producer of crude steel
in the world, accounting for more than 50% of the production.

India
overtook the U.S. in 2015 to become the third largest producer of crude steel.

7.INDIA WIN SOUTH EAST ASIAN WOMEN
HANDBALL C'SHIP

India
defeated Bangladesh by 27-10 in a one-sided match to win the fifth South East
Asian Women Handball Championship at K.D. Singh Babu Stadium in Lucknow.

A
total of five countries participated in the tournament.

While
Nepal finished as runner-ups in the five-country tournament, Bangladesh settled
for the third spot and a bronze medal.